A group called SpeechNow.org is suing the Federal Election Commission to allow individuals to contribute as much as they want to the group’s effort to buy TV advertising. Their argument, loosely paraphrased, is that billionaires can spend as much as they want to on TV advertising, so why shouldn’t “ordinary” folks be allowed to pool their money in donations of more than $5,000 (the current legal limit). This is a case where I believe the best regulatory approach by the government would be “fo...

A group called SpeechNow.org is suing the Federal Election Commission to allow individuals to contribute as much as they want to the group’s effort to buy TV advertising. Their argument, loosely paraphrased, is that billionaires can spend as much as they want to on TV advertising, so why shouldn’t “ordinary” folks be allowed to pool their money in donations of more than $5,000 (the current legal limit). This is a case where I believe the best regulatory approach by the government would be “fo...